Global IT spending is expected to grow to US$3.7 trillion in 2018, an increase of 4.5 percent from 2017, according to Gartner.
The role of the CIO is changing, according to a Gartner survey of 3,160 CIO respondents in 98 countries.
The findings revealed that the CIO role is transitioning from delivery executive to business executive, from controlling cost and engineering processes, to driving revenue and exploiting data.
Ninety-five percent of CIOs expect their jobs to change or be remixed due to digitalisation. While world-class IT delivery management is a given, it will take up less and less of the CIO’s time.
Singapore will be focusing on four technology areas to build the foundation for its digital transformation. These are artificial intelligence (AI) and data science, cybersecurity, immersive media, and Internet of Things and future communications infrastructure.
At the opening of Infocomm Media Business Exchange at Marina Bay Sands Singapore Convention Centre, Minister for Communications and Information Dr Yaacob Ibrahim noted that “they are exciting fields with bright prospects in their own right, and they have great potential to transform other industries and enhance people’s lives”.
Artificial Intelligence and Data Science
The nation has established AI.SG, a national programme with funding of up to S$150 million to boost Singapore’s AI capabilities.
Singtel is one of four telcos identified as leaders in Asia Pacific (APAC) in 2016-17 by IDC in its report entitled IDC Telecom MarketScape for Next-Generation Service Providers 2016-17.
The report, which evaluates the leading regional and global telecommunications service providers (SPs) in APAC, also listed AT&T, BT and Orange alongside Singtel was “Leaders” of the next-generation telecom service providers in the region along with plenty of challengers in the market.
These service providers demonstrated a strong regional network presence, comprehensive suite of enterprise cloud and managed ICT service offerings, diverse portfolio of services in areas such as Internet of Things (IoT) and collaboration in the region, as well as a large base of mid and large-sized enterprises, multinational corporations (MNCs), and government clients across Asia Pacific.
IoT faces new computing challenges, notably with deployment and scaling, according to ABI Research. Its future will rely in part on using embedded Real-Time Operating Systems (RTOS), which support many IoT application features, such as small size, constrained processing resources, low power consumption, limited maintenance, and real-time computing.
ABI Research forecasts 21 billion IoT devices will ship with embedded RTOS by 2022.
“The tremendous expansion of the IoT revived the embedded RTOS market, with open source platforms springing up rapidly to jostle long-established proprietary players. While industrial demand for RTOS has a decade-long history, the development of new IoT applications in other segments, such as consumer, digital home, connected car, and smart cities, jolted demand for embedded RTOS,” said Michela Menting, Research Director of ABI Research.
Fuji Xerox (Hong Kong) aims to ride the Internet of Things (IoT) wave with the introduction of Smart Device 2.0, which comprises three key IoT components — cloud application, big data analytics and integrated business workflow.
The new-generation mobile document management smart device consisting of hardware, software and cloud applications is designed particularly for enterprises that handle and manage excessive documents, such as financial and banking, construction and legal industries.
Smart Device 2.0 also works for enterprises and small-to-medium businesses with staff who always work on their mobile devices, because it enables the same working environment regardless of where they are. This smart device is becoming a workplace necessity that streamline workflow; employees are no longer bound by geographical restrictions and can stay connected to their office all the time, helping enterprises save time and costs, and better use their resources.
Global IT services and business services revenues are expected to cross the US$1 trillion mark for the first time in 2018, according to IDC.
Worldwide services spending totals for 2016 are expected to stay within the US$900 billion range and by 2020 expected to near US$1.1 trillion.
With more than US$100 million worth of spending each this year, the largest services markets will be key horizontal business process outsourcing (BPO) and systems integration services, which will also generate the largest revenue pools over the 2016-2020 forecast period. Business Consulting Services is forecast to outpace both markets in terms of growth.
Worldwide shipment of wearable devices are expected to reach 101.9 million units by the end of 2016, representing 29.0 percent growth over 2015, according to IDC.
The market for wearable devices will experience a compound annual growth rate (CAGR) of 20.3 percent, culminating in 213.6 million units shipped in 2020.
“Unlike the smartphone, which consolidated multiple technologies into one device, the wearables market is a collection of disparate devices,” said Jitesh Ubrani, Senior Research Analyst of IDC Mobile Device Trackers.
Computex will introduce InnoVEX, a platform to showcase infocomm technology (ICT) and Internet of Things (IoT) innovators. Around 170 startups from 17 countries have already signed up to showcase their latest innovative products and services.
At InnoVEX, along with out-of-the-box, open booths and networking spaces, a wide range of events designed to maximise innovative, technological, and investment exchanges to help startups succeed, including forums, demos, matchmaking, networking events, and pitch contests with a cash prize of US$30,000.
The show will be held at Taipei World Trade Center (TWTC) Exhibition Hall 3 from May 31 to June 2. Diverse activities such as keynote speech, forums, demo, pitch contest, and networking parties will be held throughout the show.
Despite a slowing global economy, CEOs are still making business growth their top priority in 2016, according to a Gartner survey. After growth (54 percent), the second and third business priorities are customers (31 percent) and workforce (27 percent).
The Gartner CEO and senior business executive survey of 400 senior business leaders in user organisations worldwide was conducted in the fourth quarter of 2015, asking questions about 2016/2017. Most responding organisations were those with annual revenue of US$1 billion or more. The survey results show that while business conditions are challenging, CEOs remain confident enough to sanction strategic investments, particularly when it comes to digital business transformation.
“The big rise of explicit mentions of the word ‘customer’ was very noticeable in the results of this year’s survey, “CEOs seem to be concerned about improving customer service, relationship and satisfaction levels. At the same time, CEOs have become much more concerned about employee issues than a couple of years ago. The emphasis is as much on benefits, retention and training of mainstream staff. It is not constrained only to senior grade ‘talent’ issues,” said Mark Raskino, Vice President and Gartner Fellow.
The report, IoT Device Connection Efficiency Guidelines, has received the backing of leading mobile operators including AT&T, China Mobile, China Telecom, China Unicom, Deutsche Telekom, Etisalat, KT Corporation, Orange, NTT DOCOMO, Tata Teleservices, Telefónica, Telenor Connexion, and VimpelCom as well as ecosystem partners including Sierra Wireless and Jasper and aims to support device and application developers as the IoT market develops.
The guidelines include a number of best practice areas such as data aggregation within devices, non-synchronous network access, application scalability and guidance on how to manage signaling traffic from de-activated or out-of-subscription SIMs.
Wearable technologies are not only the rage among consumers and health fanatics but are also set to shape the way governments work and interact with the public.
According to IDC Government Insights, wearables will boost Smart Mobile Government (Smart mGovt) projects and consequently, pave the way for public sector Internet of Things (IoT) ecosystems.
Its “Designing Tomorrow’s Smart mGovernment Landscapes Enabled by the Growth of Wearables and the Internet of Things” report has identified the IoT, context, instantaneous reach, privacy, security, technology readiness, and wearables as the seven key ingredients for Smart mGovt adoption.
The Internet of Things (IoT), which excludes PCs, tablets and smartphones, will grow to 26 billion units installed in 2020, representing an almost 30-fold increase from 0.9 billion in 2009, according to Gartner.
Gartner said that IoT product and service suppliers will generate incremental revenue exceeding US$300 billion, mostly in services, in 2020. It will result in US$1.9 trillion in global economic value-add through sales into diverse end markets. The verticals that are leading its adoption are manufacturing (15 percent), healthcare (15 percent) and insurance (11 percent).
IoT is the network of physical objects that contain embedded technology to communicate and sense or interact with their internal states or the external environment.
Worldwide IT spending is forecast to reach US$3.8 trillion in 2014, a 3.6 percent increase from 2013, but it’s the opportunities of a digital world that have IT leaders excited, according to Gartner.
The beginning of the Digital Industrial Economy will make every budget an IT budget; every company a technology company; every business a digital leader, and every person a technology company.
“The Digital Industrial Economy will be built on the foundations of the Nexus of Forces (which includes a confluence and integration of cloud, social collaboration, mobile and information) and the Internet of Everything by combining the physical world and the virtual,” said Peter Sondergaard, Senior Vice President of Gartner and Global Head of Research.